SpinLaunch, a space company focused on providing low-cost access to space, has partnered with Sumitomo Corporation to expand the global market for affordable and sustainable space services. Sumitomo, a leading global trading and business investment company, has also made an investment in SpinLaunch.
The demand for services from satellites in Low Earth Orbit (LEO) has increased in recent years, while the availability of affordable and rapid launch capacity has decreased. This has created a bottleneck in both the government and commercial markets. With plans to launch ten times the number of satellites over the next decade, there is an urgent need for environmentally sustainable space solutions.
SpinLaunch, founded in 2014, has developed a ground-based, electric-powered mass accelerator launch system that offers a low-cost and sustainable way to place small satellites into LEO. By using this technology, SpinLaunch can eliminate up to 70% of the fuel and structures that make up a typical rocket, significantly reducing the carbon footprint of deploying small satellite constellations. The company has also developed satellite solutions that complement its low-cost and high-cadence approach to space.
Through the partnership agreement, Sumitomo will represent SpinLaunch’s mass accelerator launch services and related hardware products in Japan. The company plans to leverage SpinLaunch’s capabilities to accelerate the accessibility of space for both national security and private sector use in Japan.
Wen Hsieh, Board representative of Kleiner Perkins, stated that this strategic partnership is a milestone for SpinLaunch in becoming a leading provider of low-cost space solutions globally. Jonathan Yaney, Founder and CEO of SpinLaunch, expressed excitement about the collaboration and the potential to bring innovative and sustainable space solutions to customers.
This partnership between SpinLaunch and Sumitomo Corporation signifies a shared commitment to disrupting the space economy with more affordable and sustainable access to space.